Telsey Advisory Group Reiterates Outperform Rating for Floor & Decor (NYSE:FND)

Floor & Decor (NYSE:FND)‘s stock had its “outperform” rating reaffirmed by equities researchers at Telsey Advisory Group in a report issued on Friday,Benzinga reports. They presently have a $115.00 price target on the stock. Telsey Advisory Group’s price objective suggests a potential upside of 23.99% from the company’s previous close.

A number of other research analysts have also weighed in on the stock. JPMorgan Chase & Co. boosted their target price on shares of Floor & Decor from $103.00 to $110.00 and gave the stock a “neutral” rating in a research report on Monday, February 10th. Gordon Haskett upgraded Floor & Decor from a “hold” rating to a “buy” rating and set a $120.00 target price for the company in a research note on Friday. The Goldman Sachs Group lowered Floor & Decor from a “neutral” rating to a “sell” rating and set a $79.00 target price on the stock. in a report on Thursday, January 30th. Piper Sandler cut their price target on Floor & Decor from $118.00 to $103.00 and set a “neutral” rating for the company in a report on Tuesday. Finally, Stifel Nicolaus raised their price objective on shares of Floor & Decor from $97.50 to $100.00 and gave the stock a “hold” rating in a research note on Monday, November 4th. Two analysts have rated the stock with a sell rating, eleven have given a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $106.16.

Floor & Decor Stock Performance

FND opened at $92.75 on Friday. The company has a debt-to-equity ratio of 0.09, a quick ratio of 0.29 and a current ratio of 1.16. The company has a market cap of $9.95 billion, a PE ratio of 51.53, a price-to-earnings-growth ratio of 19.57 and a beta of 1.83. The stock has a 50-day moving average of $99.94 and a 200-day moving average of $105.95. Floor & Decor has a 52-week low of $89.06 and a 52-week high of $135.67.

Floor & Decor (NYSE:FND) last announced its quarterly earnings results on Thursday, February 20th. The company reported $0.39 EPS for the quarter, beating the consensus estimate of $0.25 by $0.14. Floor & Decor had a return on equity of 9.69% and a net margin of 4.45%. As a group, equities research analysts forecast that Floor & Decor will post 1.72 earnings per share for the current fiscal year.

Institutional Trading of Floor & Decor

Several hedge funds have recently modified their holdings of FND. Conway Capital Management Inc. bought a new stake in Floor & Decor during the 3rd quarter worth approximately $1,090,000. Massachusetts Financial Services Co. MA grew its holdings in shares of Floor & Decor by 221.6% during the third quarter. Massachusetts Financial Services Co. MA now owns 483,752 shares of the company’s stock worth $60,067,000 after purchasing an additional 333,338 shares during the last quarter. Sanctuary Advisors LLC grew its holdings in shares of Floor & Decor by 7.1% during the third quarter. Sanctuary Advisors LLC now owns 2,725 shares of the company’s stock worth $338,000 after purchasing an additional 180 shares during the last quarter. Citigroup Inc. raised its holdings in shares of Floor & Decor by 27.2% in the third quarter. Citigroup Inc. now owns 77,568 shares of the company’s stock valued at $9,632,000 after buying an additional 16,569 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its position in Floor & Decor by 1.5% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 829,530 shares of the company’s stock worth $103,003,000 after buying an additional 12,109 shares in the last quarter.

About Floor & Decor

Floor & Decor Holdings, Inc engages in the retail of hard surface flooring and related accessories. It provides wood, stone, and flooring products. Its products include vinyl, laminate, and tiles with materials installation for living rooms, kitchen, bathrooms, and walls. The company was founded by George Vincent West in 2000 and is headquartered in Atlanta, GA.